Cognitive pillar - Study guides, Class notes & Summaries

Globalization Is the close integration of countries and peoples of the world which has been brought about by the enormous reduction of the cost of transportation and communication, and the breaking down of artificial barriers to the flows of goods, services, capital, knowledge, and (to a lesser extent) people across borders. New view of Globalization A new force sweeping through the world in recent times that it is a new phenomenon beginning in the late 20th century, driven by recent te...

C211 WGU Exam Questions and Answers 100% Pass Globalization - Answer- The close integration of countries and peoples of the world Purchasing power parity (PPP) - Answer- A conversion that determines the equivalent amount of goods and services that different currencies can purchase Scenario planning - Answer- A technique to prepare and plan for multiple scenarios (either high or low risk) Risk management - Answer- The identification and assessment of risks and the preparation to minimize t...

C211 OA Exam view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - correct answer new view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist - correct answer evolutionary view that claims globalization is swinging from one extreme to another from time to time - correct answer pendulum investment in, control...

Globalization The process by which businesses or other organizations develop international influence or start operating on an international scale Import quota A limit on the number of products in certain categories that a nation can import Emerging economy Nations with social or business activity in the process of rapid growth and industrialization Global economic pyramid Pyramid that consists of all of the world's economies, comprised of three parts New view of ...

WGU C211 - Global Economics for Managers Exam Questions and Answers 100% Pass Views on Globalization - Answer- New, Evolutionary, and Pendulum "New" view on globalization - Answer- A force sweeping through the world in recent times. "Evolutionary" view on globalization - Answer- A long-run historical evolution since the dawn of human history "Pendulum" view on globalization - Answer- One that swings from one extreme to another from time to time Foreign Direct Investment - Answer-...

Cognitive pillar - the internalized (or taken-for-granted) values and beliefs that guide individual and firm behavior. Formal institutions - Institution represented by laws, regulations, and rules. Informal institutions - include norms, cultures, and ethics. Institutional framework - formal and informal institutions governing individual and firm behavior. Institution-based view - A leading perspective in global business that suggests that the success and failure of firms are enabled and c...

WGU C211 - GLOBAL ECONOMICS FOR MANAGERS ACTUAL EXAM /2023/2024 Views on Globalization - CORRECT ANSWER-New, Evolutionary, and Pendulum "New" view on globalization - CORRECT ANSWER-A force sweeping through the world in recent times. "Evolutionary" view on globalization - CORRECT ANSWER-A long-run historical evolution since the dawn of human history "Pendulum" view on globalization - CORRECT ANSWER-One that swings from one extreme to another from time to time Foreign Direct Inv...

Foreign Direct Investment (FDI) Correct Answer Investment in, controlling, and managing value-added activities in other countries. Mercantilism/Theory of Mercantilism Correct Answer A theory that suggests that the wealth of the world is fixed and that a nation that exports more and imports less will be richer. Strategic Trade Policy Correct Answer Government policy that provides companies a strategic advantage in international trade through subsidies and other supports. Transaction Risk...

WGU C211 Global Economics for Managers Terms 2023-2024 With 100% Verified Answers 1. Foreign Direct Investment (FDI) Answer: Investment in, controlling, and managingvalue-added activities in other countries. 2. Mercantilism/Theory of Mercantilism Answer: A theory that suggests that the wealthof the world is fixed and that a nation that exports more and imports less will be richer. 3. StrategicTrade Policy Answer: Government policy that provides companies a strategicadvantage in in...

WGU C211 EXAM LATEST EXAM 300 REAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)|AGRADE Which two phrases represent the views of globalization? Choose two answers. - ANSWER- - A pendulum that swings from one extreme to another. - A competition among key financial centers and markets. What are two trade barriers? - ANSWER- - Nontariffs - Tarriffs What is the effect of tariff on a particular product for the country imposing the tariff? - ANSWER- Increases domestic product...